Valeritas Holdings, Inc. (OTCQB: VLRX) is on track to break through the $20 million revenue ceiling if it keeps up its multi-channel marketing maneuvers. Gross margin is likely to remain at its current 35 percent level in 2017 but will likely increase as revenues increase in 2018, and the company’s bottom line is improving as sales force efficiencies from its new marketing approach take effect. In fact, with fewer sales reps, Valeritas is selling more. Its V-Go® is the only FDA-cleared single-use, fully disposable mechanical insulin delivery device with basal (background) and bolus (mealtime) capability available in the U.S. market. The company expects 2016 revenue growth of around 8 percent over 2015 – even with its reduced sales team – now that it is targeting high insulin volume prescribers.
To learn more visit www.valeritas.com
About Valeritas Holdings, Inc.
Valeritas is a commercial-stage medical technology company focused on developing innovative technologies to improve the health and quality of life of people with type 2 diabetes. Valeritas’ flagship product, V-Go® Disposable Insulin Delivery device, is a simple, wearable, basal-bolus insulin delivery device for patients with type 2 diabetes that enables patients to administer a continuous preset basal rate of insulin over 24 hours. It also provides discreet on-demand bolus dosing at mealtimes. It is the only basal-bolus insulin delivery device on the market today specifically designed for type 2 diabetes patients. Headquartered in Bridgewater, New Jersey, Valeritas operates its R&D functions in Shrewsbury, Massachusetts.
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